Corn price ended yesterday with strong positivity to succeed touching our extended target at 650.00, expecting the continuation of the rise to achieve new gains that reach 689.00.
The EMA50 keeps supporting the expected bullish wave, noting that breaching 655.00 is required to confirm heading towards the above mentioned target, as failing to achieve the breach will force the price to rebound bearishly and start intraday bearish correction.
The expected trading range for today is between 640.00 support and 680.00 resistance.
The expected trend for today: Bullish